Zonte Metals completes Phase I drilling at the Cross Hills Iron Oxide Copper Gold Project
Zonte Metals completes Phase I drilling at the
Cross Hills Iron Oxide Copper Gold Project
TSXV: ZON
HALIFAX
,
April 8
, 2019
/CNW/ - The company is pleased to announce it has completed a Phase 1
drill program on the Cross Hills Iron Oxide Copper Gold project by performing a first pass evaluation
of the large Dunns Mountain IOCG target. The program consisted of five holes totaling 1421
metres, which was an increase from the initial four-hole, 1000 metre program. The initial drill
program was designed to test various geophysical and geochemical variables in the data set
associated with known surface mineralization. All samples have been submitted to the laboratory for
analysis and results will be reported once received.
In anticipation of Phase 2 drilling at the Dunns Mountain target, the company has submitted
exploration permit applications to the
Newfoundland
and Labrador Department of Natural Resources
for additional geophysical surveys, which will be carried out prior to the next phase of drilling. Work
will commence immediately upon permit approvals.
Qualified Person
Dean Fraser
, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and
approved the contents and technical disclosures in this press release.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed Option
Agreements to acquire 100% of the McConnells Jest project in the
Yukon Territory
and the Cross
Hills IOCG project located in
Newfoundland
and
Labrador
; and holds a 100% interest in the drill
ready Wings Point Gold Project. In addition, the Company and partner have an application over open
areas sitting over the Gramalote Deposit in
Colombia
, which is held by AngloGold Ashanti
(NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The title issuance is being contested by the state
governing the application and the Company has started legal action to protect its rights.
Forward-Looking Information
This news release contains forward-looking statements which include statements regarding the
Corporation's future plans, financial and business prospects and future plans, objectives or economic
performance and financial outlooks. The Corporation believes that the expectations reflected in this
news release are reasonable, but actual results may be affected by a variety of variables and may
be materially different from the results or events predicted in the forward-looking statements.
Readers are therefore cautioned not to place undue reliance on these forward-looking statements.
In evaluating forward-looking statements readers should consider the risk factors which could cause
actual results or events to differ materially from those indicated by such forward-looking statements.
These forward-looking statements are made as of the date hereof, and unless otherwise required by
applicable securities laws, the Corporation does not intend nor does it undertake any obligation to
update or revise any forward-looking statements. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of accuracy of this release.
www.zontemetals.com
SOURCE
Zonte Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/April2019/08/c9882.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
CO: Zonte Metals Inc.
CNW 16:00e 08-APR-19